谷歌-C：4Q25 results: AI continues to drive strong search and cloud business performance-20260206

5 Feb 2026 CMB International Global Markets | Equity Research | Company Update Alphabet (GOOG US) Alphabet (GOOG US) - 4Q25 business performance 4Q25 results: AI continues to drive strong search and cloud business performance Alphabet reported 4Q25 results: total revenue grew by 18% YoY to US$113.8bn, 2% ahead of Bloomberg consensus estimate thanks to the strong growth of Google Search and Cloud revenue; operating income was up by 16% YoY to US$35.9bn, lower than consensus estimate of US$36.9bn, but mainly ...